£142,500
(£154/sq. ft)
3 bed flat for sale
Albert Road, Barnet EN4New home
Shared ownership
Leasehold
3 beds
1 bath
928 sq. ft
Key information
Tenure
Leasehold (990 years)
Service charge
£129 per month
Council tax band
A band has not yet been assigned yet
Ground rent
Ground rent date of next review
Shared ownership details
Shared Ownership at Quartoria gives you the opportunity to buy a share of your new home, starting at 25%, or more depending on what you can afford. The rest is owned by SNG and you pay a subsidised rent on this portion in addition to your own mortgage. There will be a service charge payable to cover the cost of communal maintenance and this includes the buildings insurance.
Shared ownership percentage owned
25%
Shared ownership rent
£980 per month
Sovereign Network Group - Quartoria
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About this property
Close to Train Station
Ideal for First Time Buyers
Shares starting from 25%
New build apartments with fitted kitchen and appliances
Complete with modern bathroom and flooring
New Barnet Railway station is 0.6 miles from your new home
Within walking distance of New Barnet high street
Close to Victoria Recreation Ground as well extensive fantastic green spaces
The perfect compromise - access to lively London and living in a quiet area
Fast access to major motorways - car parking available at the development
Currently under construction in the leafy North London suburbs of New Barnet
Quartoria in the leafy North London suburbs of New Barnet, will be launching in Spring 2025! In the first phase, there will be a selection of 22 exquisitely designed one, two and three bedroom Shared Ownership apartments. These thoughtfully designed apartments will offer open plan living and a private balcony or terrace. Car parking will be available - off street and undercroft parking. Quartoria will offer refined living in the heart of New Barnet.
Priority will be given to people who live or work in Barnet. Register your interest today!
What is Shared Ownership?
Shared Ownership is designed so that you can buy a share of the new home with a lower deposit. With Shared Ownership, you buy a share in your new home or a resale home usually between 25% and 75% of the full market value of the home. You also pay rent on the part owned by sng. In addition a service charge is payable per month. The service charge is calculated based on a number of factors, more details will be provided during the sales process, but primarily this is the cost the Landlord incurs for maintenance and repairs of the communal services (i.e. Lifts) communal areas and building insurance. You will need to have savings to cover any deposit required by your mortgage lender and the costs involved in moving. When you can afford to, you can take your next steps and increase the share you own; this is known as 'staircasing'. The cost of the additional share that you buy will be based on the current market value of your home.
Example: One bedroom apartment Share price from: £81,250 for a 25% share with a full market value £325,000. You will also have to pay: Monthly rent: £559 and monthly service charge: £167.15 plus the mortgage on the share you are buying.
The development is perfectly positioned close to local parks and extensive fantastic green spaces. As well as all the everyday essentials, this area also offers local cafes, restaurants, gyms, cinema, schools and medical facilities.
New Barnet Railway station is close by, only 0.6 miles away. Offering fast and frequent Great Northern and Thameslink services into Highbury & Islington in 18 minutes or Moorgate in less than 30 minutes. The area is also well served by local buses which connects you to High Barnet Underground station (Northern line) and beyond.
Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary. Travel times are approximate and taken from Google maps and are approximate. Sovereign Network Group is charitable.